Yeti, RTIC - both from Texas - settle lawsuit

AUSTIN - AUSTIN ,Texas -- Yeti, a cooler and drinkware brand founded in Austin, has settled a lawsuit after accusing a competing brand of copying its product design.

In a statement released on Thursday, Yeti said that according to the binding settlement, RTIC Coolers, from the Houston area, and brothers John and Jim Jacobsen are "required to make a financial payment to Yeti; to cease sales of all products subject to the lawsuit – this includes hard-sided coolers, soft-sided coolers and drinkware; and to redesign all products in question."